New apartment buildings under construction in Nanjing, Jiangsu province, on December 18, 2015. Photo: Reuters

Nanjing’s home price surge indicative of frothy real estate markets in China’s smaller cities

Reliance on land sales to fund municipal coffers has put local officials at odds with the need for price stability

Topic |   China property

TOP PICKS

New apartment buildings under construction in Nanjing, Jiangsu province, on December 18, 2015. Photo: Reuters
READ FULL ARTICLE